Which one of the following is true about intraperiod tax allocation?
a. it is required for extraordinary items and cumulative effect of accounting changes but not for prior period adjustments.
b. its purpose is to allocate income tax expense evenly over a number of accounting periods.
c. it arises because certain revenue and expense items appear in the income statement either before or after they are included in the tax return.
d. its purpose is to relate the income tax expense to the items which affect the amount of tax.

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work